What the China thaw means for Australia’s trade diversification agenda
While it’s easy to say never again allow one market to dominate, the promise of premium prices will be hard to ignore. Read More Here
Category: Trade
WTO Says Be Careful On ‘Friend-Shoring’
Trade blocs seeking to skirt geopolitical risk by “friend-shoring” activities to like-minded countries should be careful which commerce partners they favour. Read More Here
A First For India And A Chance To Trade Up With Australia
For Australia, India is an attractive alternative market for its goods when trade relationship with its lead partner economy, China has become difficult and restricted. Read More Here
How Americans Think About Trade
The way ordinary Americans think about trade is very different from the way economists and policy wonks think about it. Most people do not have accurate knowledge of how trade affects them personally: they do not support trade if they stand to gain from it or oppose it because it will hurt them economically. Read More Here
RCEP Agreement Victory For Multilateralism, Free Trade
The signing of the Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade pact, by 15 Asia-Pacific countries Sunday represents a victory for multilateralism over unilateralism and free trade over protectionism. Read Here | People’s Daily Also Read | Welcome To The Might-Is-Right Global Trade Era
The U.S.-China Rivalry Is Just Getting Started
The gradual disintegration of the Chimerica symbiosis is likely to be the world’s biggest business story for the next several years, if not decades. Even if the U.S. and China don’t come to blows, their deepening economic rivalry creates a headache for multinational companies that have spent decades constructing global supply chains. Read Here – Bloomberg
Pacific-Rim Nations Led By U.S. Agree to Historic Trade Deal
A dozen Pacific-rim nations agreed to an historic pact that would cut trade barriers on items ranging from cars to rice, setting up a potentially contentious ratification vote before a skeptical U.S. Congress. After a week of final talks in Atlanta, an agreement was announced on the Trans-Pacific Partnership, a pact more than five years in […]
World Trade Disorganisation
In history, a hegemon is largely associated with the presence of international economic infrastructure. In the 19th century, the British hegemon underwrote the liberal international order in the form of free trade and gold standard. The liberal order was later re-established by the American hegemon, which has overseen the Bretton Woods system from 1945. By […]
The Biggest Trade Deal Ever
On July 8, 29 countries—the U.S. plus 28 countries of the EU—will begin negotiating The Biggest Trade Deal Ever. The Transatlantic Trade and Investment Partnership will affect 30 percent of global commerce, eliminate $10.5 billion in tariffs, and boost trade by an estimated $280 billion a year. Read Here – Businessweek
Brazil’s WTO Win
Brazil, one of the world’s largest emerging markets, achieved a major diplomatic victory with the election this week of its candidate, Roberto Azevedo, as director-general of the World Trade Organization. In this heavily disputed election, involving 159 member countries, Brazil cashed in on a long campaign, cultivating support among the developing countries of Africa, Asia, […]
looking beyond borders 